Canada House Wellness Group closes $253,000 convertible debenture financing




News Release

Canada House Wellness Group Closes $253,000 Convertible Debenture Unit Financing

Toronto August 11, 2017. Canada House Wellness Group Inc. (CSE: CHV) (“Canada House” or the “Company”) announces that it has closed a financing of 253 unsecured convertible debenture units for total gross proceeds to the Company of $253,000.

Each Unit is comprised of: (i) $1,000 principal amount of 8.0% unsecured convertible debentures (“Convertible Debentures”) in the capital of the Company with a maturity date (“Maturity Date”) of three years from the date of issuance; and (ii) 6,667 detachable common share purchase warrants of the Company (each, a “Warrant”).

Each Convertible Debenture shall be convertible at the holder’s option into fully-paid common shares of the Company (each, a “CD Share”) at any time prior to the Maturity Date at a conversion price of $0.15 per CD Share, being a ratio of 6,667 CD Shares per $1,000 principal amount of Convertible Debentures. The interest payable on the debenture is payable in cash or in common shares of the Company at the option of the holder. Any common shares issuable as payment of interest shall be issued at a price of $0.15 per common share, subject to the rules and policies of the Canadian Securities Exchange.

Each Warrant shall be exercisable into one common share of the Company (each, a “CD Warrant Share”) at a price of $0.15 per CD Warrant Share on or prior to two years from the date of issuance.

In connection with the issuance of the Convertible Debentures, the Company paid a loan processing fee equal to $75 per unit payable in common shares of the Company at a price of $0.15 per common share.

All securities issued pursuant to the financing are subject to a four-month hold period in accordance with applicable Canadian securities laws.

The proceeds from the financing are expected to be used for expansion of existing facilities, possible acquisitions and for general working capital purposes.

Canada House Wellness Group Inc.

Canada House is the parent company of Marijuana for Trauma Inc., Knalysis Technologies and Abba Medix Corp. The Company’s goal is to become a marketplace leader through strategic partnerships, mergers, and acquisitions to create a fully integrated cannabis therapy company. For more information please visit http://www.canadahouse.ca. or www.sedar.com

For further information, please contact:
Boom Capital Markets
Steve Low
647-620-5101
steve@boomcapitalmarkets.com

Canada House Wellness Group, Inc.
Gerry Goldberg
(416) 460-3000
mailto:ggoldberg@abbamedix.com